Last week began with another US bank failure and ended with hotter-than-expected headline jobs data. In between, Jerome Powell sounded optimistic about the likelihood of a soft economic landing. But how realistic is that? Group Chief Economist Neil Shearing talks to David Wilder about credit conditions, labour markets and why the Fed may have stopped hiking, even as the ECB is set to carry on.
Plus, upcoming Turkish presidential and parliamentary elections are make or break for the country’s crisis-battered economy. Liam Peach, who leads our Turkey coverage, discusses the risks around the election with Chief EM Economist William Jackson – including the tough choices that Kemal Kilicdaroglu would have to make if he defeats President Erdogan.